NZDUSD look for sell off like NZDCAD

Hello traders:

NZDUSD is finally shaping up for that sell opportunity that I have been waiting for all these weeks.

We know as price continue to correct within the ascending channel, we can expect a strong reversal coming in eventually once correction finishes.

Here on the LTF price action, we see that first bearish move down from the price, potentially breaking out of the correction.

To confirm the further downside, same idea from NZDCAD sell setup is to wait for a LTF continuation correction to form and finish to give us the confidence for the sell entry.

Thank you

Kommentera:

price is breaking out the structure now, good to look for LTF continuation correction to get in the drop.